Kia, Autochek seal deal on car loan to Nigerians

…with low equity, 60 months payment period

Worried by the impoverished middle class extremely low income owners to make new vehicle ownership easy and accessible, Kia Nigeria is into partnership with Autochek to offer a convenient auto finance scheme to Nigerians.

Following the launch of a dedicated brand-new cars section on the Autochek website and mobile app, Kia customers can now access digital financing solutions for these new models with repayment tenures of up to 60 months and lowest interest rates in the market from financial partners including Ecobank, NCBA with zero percent equity loan including Access Bank and Stanbic KE with unique financing solutions tailored specially for brand new vehicles with up to 90 percent financing.

Olu Tikolo, vice president, Kia Nigeria while speaking at the launching of the auto finance acquisition scheme, said “our core competitive edge in the auto industry is the offering of best-in-class vehicles at an affordable price and we are delighted to partner Autochek to make owning Kia range of vehicles easily accessible via their website or mobile apps at affordable and flexible payment options”.

Autochek Africa’s COO, Timi Tope Ologunoye said, “We are excited to partner with financiers and Kia to provide car loan facility in response to customer feedback to democratize purchase of brand new cars through affordable financing options. It is complemented by Autochek Africa’s residual value analysis tool that can guide financial partners on the condition of the vehicle over time.

“This partnership represents another step forward in our strategy to ensure our customers have consistently available, transparent and competitive financing. Kia’s vehicles offer modern design and reliability at an affordable cost. And with our special auto finance scheme with Autochek, it will be easier to take home your very own brand new Kia by only visiting the platform website or their mobile application.” said, Olawale Jimoh, marketing manager, Kia Nigeria.

Autochek auto loan services platform processed within 24 hours offers a variety of financing options from over 70 banks, with attractive terms that include a 15 percent interest rate and are repayable for a period of between four and five years.

Timi added that financing for new cars, like Kia, is part of the company’s vision to unlock a new frontier of automotive fintech and cement its position as the most innovative auto loan platform in the region. Whereas customers are assured of a good deal for brand new cars and attractive interest rates, distributors also get pre-approved prospective buyers.

Kia Nigeria has continuously promoted a customer-driven corporate culture by providing the best quality and exceptional service with all values centered on the customers. For over two decades, it has embraced every opportunity to exceed customers’ expectations with steadfast passion and creative thinking like this partnership with Autochek.

With shifting consumer demands, the partnership is aimed at innovatively providing a more agile, tech-led approach to deliver car ownership options where customers can conclude their buying process of owning their dream car via their mobile device and at their convenience.